Hi @ggwill, reading through the VEN qrtrly it seems as if production/start up costs are all getting put into production. (so including all the reworking being done on Vali 2 and 3)
As you said there really is no forward looking statements about production levels, pricing or opex. which makes it hard to firm up a cashflow.
Even on a rough cashflow though, assuming $8/gj and $3/gj cost, the cash starts flowing if the gas is flowing.
IMO the key for VEN/MEL is can they get to decent production levels without raising more capital?
MEL has the $5m facility from Glennons and Keybridge so shouldn't need a CR as long as the gas starts flowing by year end.
WDYT?
Ann: Quarterly Activities and Appendix 5B June 2023, page-8
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